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June 03, 2008

Mass. Hits Citizens Who Refuse to Buy Health Insurance With Fines

... those that can "afford it".

It comes in the form of a loss of the $219 personal exemption on state income taxes, but by December could accrue to almost $1000 per person.

The money is already being put to good use.

A total of $9.7 million in fines was deposited into a trust fund to help cover the cost of the law. Monthly penalties for those who can afford health care but refuse will jump and could total as much as $912 for individuals by December.

How much will it cost to implement this law?

In 2006, a legislative committee estimated the law would cost about $725 million in the fiscal year starting in July. In his budget, Patrick set aside $869 million, but those overseeing the law have already acknowledged costs will rise even higher.

No worries though. They're gonna make up the shortfall with a buck per pack increase on smokes.

On the plus side I've heard Massachusetts is really pretty in the fall. So they got that going for them, which is nice.

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posted by Dave In Texas at 09:43 AM

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